Arias, Fábrega & Fábrega acted as Panamanian counsel to the Initial Purchasers and Lenders in Generadora de Gatún’s US$1.05 billion senior secured notes offering, alongside an LC Credit Facility of up to US$134 million—representing total potential financing of approximately US$1.18 billion.

This landmark transaction is one of the largest bond issuances and market debuts by a private company in Central America and the Caribbean. The notes were registered with the SMV and listed on Latinex, with a parallel listing application to the Singapore Exchange (SGX-ST).

Notably, this transaction is among a select group of 144A/Reg S offerings directly registered with the SMV and listed on Latinex, reflecting the continued development of regional capital markets.